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    Tom’s Take #72 – What happens when a home does not appraise at value?

     

    Right now, values are still inclining. There are instances when the past sales are not catching up, especially when inventory remains low. All of these factors have created appraisal issues across the country, where the mortgage company and appraisers are not valuing homes the same way Buyers do. Check out episode #72 of Tom’s Take to learn what happens when the sale price and appraised value do not match.

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    Our agents write often to give you the latest insights on owning a home or property in the local area.